Answer / b.umaselvan - it p

Valuation area is the level at which the material stocks
are valuated (Value Basis). It can be either company Code
or Plant.

Valuation category is the criteria for defining partial
stocks.

Valuation class is to group the materials to assign to a
set of GL Accounts.

Answer / bhanu charan

valuation class: You group together different materials
with similar properties into valuation classes so that you
do not have to manage a separate stock account for every
material.

Which valuation class a material can be assigned to depends
on the material type. You can define the following
assignments in Customizing:

* All materials with the same material type are assigned
to just one valuation class.
* Different materials with the same material type are
assigned to different valuation classes.
* Materials with different material types are assigned
to a single valuation class.

A material is assigned to a valuation class in the material
master record. The system checks whether the material type
allows the material to be assigned to the valuation class
specified.

The system refers to the valuation class of a material to
determine which stock account to post to when a posting is
made for this material.

Valuation Area::::

Organizational level at which material valuation is carried
out. You can define a valuation area as follows:

* Valuation area = company code

All stocks of a particular material in this company code are
valuated together.

* Valuation area = one plant

The stocks of a particular material in this individual plant
are valuated together. Stocks in other plants are not
included in this valuation area.

You define in Customizing the level at which valuation
should take place.

Valuation Category:::

Criterion according to which split valuation is carried out:

* Procurement

You can valuate a material differently depending on whether
it is manufactured in-house or procured externally.

* Origin

You can valuate a material differently depending on where it
comes from (such as home or abroad).

* Status

You can valuate a material differently depending on its
status (such as new, used, repaired).

You define the valuation categories in Customizing. A
material is assigned a valuation category in the material
master record.

Answer / guest

valuation area is generally company or plant
valuation category -split valuation is applicable or not
Valuation class- whether the materiasl fall in to which
category for simpification such as raw materials,semi
finished goods like that

Answer / alok

1.Valuation area is nothing but it is valueted on Plant and
company level.
2. Valuation category means split valuation value,Its means
criteria stock can be valuated.
3.Valuation class detrmines the G/L account to be posted
automatically

Answer / jintojoy

i think the valuation area is the level at which the
material stocks
are valuated (Value Basis). It can be either company Code
or Plant.

Valuation category is the criteria for defining partial
stocks.

Valuation class is to group the materials to assign to a
set of GL Accounts.

Answer / zenyena

Valuation area refers to the location where the material
valuation happens( i.e the area where the MRP for the
material is set) .This location is most commonly at the
plant level.The MRP so set is then consolidated at compamny
level for inventory managament.

Answer / subramanian

Valuation Class can also be explained as below,

you assign the valuation by a Code whether it is

Imported material,
Inhouse manufactured,
Locally Procured

Each of the above the Valuation Class will be Linked to
an GL account to calculate the Costing

Answer / rajesh

Hi good

Answer / bichi

Valuation means to give priority to the goods or stocks .
There are two methods for valuation category .
1- ABC analysis that is Always Better Control .
2- VED that is Vital Essential Desirable .

Define consignment stock.

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